Margin, Turnover, Return on Investment Pelak Company had sales of $4,945,000, expenses of $4,566,000, and average operating assets of $3,690,000. Required: 1. Compute the operating income. 2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place. Margin Turnover % 3. Compute the ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. %
Q: Buffalo Corporation sells computers under a 2-year warranty contract that requires the corporation…
A: Journal entries are made to record the transactions as the first process in the books of accounts…
Q: Current Attempt in Progress Bramble Corporation incurred the following costs while manufacturing its…
A: SCHEDULE OF COST OF GOODS MANUFACTUREDSchedule Of Cost Of Goods Manufactured are those costs which…
Q: The Miramichi Company uses the high-low method to estimate its cost function. The information for…
A: The costs incurred for the production are classified as fixed and variable costs. The high-low…
Q: Awanita Enterprises sells computer flash drives for $2.81 per unit. Unit variable cost is $0.07. The…
A: The objective of this question is to calculate the margin of safety in dollars for Awanita…
Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 1. 52,000…
A: The journal entries are prepared to record the transactions on regular basis. The dividend is…
Q: Woody Delivery Company purchased a new delivery truck for $36,000 on April 1, Year 1. The truck is…
A: Dear student. please check the answer in the explanation box below.Explanation:Part 1:Answer:1.…
Q: What is Hardaway's AGI in each of the following situations? (Ignore the effects of Social Security…
A: Determine Hardaway's adjusted gross income (AGI) based on the information given:a. Hardaway is an…
Q: The following information pertains to the inventory of Parvin Company during Year 2. January 1 April…
A: FIFO (First In First Out) is the inventory valuation method which determines the cost of goods sold…
Q: 10,580,000, and accumulated E&P was $50, 780, 000 at the beginning of the year. a. What is the…
A: Since you have posted multiple questions with multiple sub parts, we will provide the solution only…
Q: Bostwick Chemicals started business on April 1. The following operations data are available for…
A: The cost of goods sold includes the cost of goods that are sold during the period. The ending WIP…
Q: ecording Partner's Original Investment Cimberly Payne and Arionna Maples decide to form a…
A: Journal entries are made to record the transactions as the first process in the books of accounts…
Q: . Toolum Corporation began operations on January 1, 2020, and uses the average- cost method of…
A: The inventory can be valued using different methods as FIFO, LIFO and average method. FIFO stands…
Q: Mercury, Incorporated, produces cell phones at its plant in Texas. In recent years, the company's…
A: A quality cost report is a method that determines the expenses associated with prevention,…
Q: John reports the following business transactions: Gross sales - P850,000 Sales discounts - 25,000…
A: "Since you have asked multiple questions, the first question was answered for you. If you want the…
Q: Journalize the following merchandise transactions. Refer to the Chart of Accounts for exact wording…
A: Lets understand the basics.Journal entries refer to the recording of transactions in an appropriate…
Q: Activity-based costing:factory overhead costs The total factory overhead for Cypress Marine Company…
A: Overheads are considered as fixed and common expenses that should be allocated to the products on…
Q: A company's inventory records show the following data for Date July 1 July 5 July 10 July 20 July 25…
A: Under weighted average cost method using perpetual inventory system, value of ending inventory is…
Q: Identify the statements below that are correct regarding the closing entries for a merchandiser…
A: Closing entries are journal entries made at the end of an accounting period to transfer balances…
Q: If you borrow $15,500 with a 5 percent interest rate to be repaid in seven equal payments at the end…
A: Answer of the given question is below with the proper explanation. Note-final answer is rounded at…
Q: Paulson Company issues 8%, four-year bonds, on January 1 of this year, with a par value of $103,000…
A: A bond is a debt security issued by a government or corporation to raise capital. Investors purchase…
Q: t nces Part 2 During August, total sales of $1,013,000 were recorded, all on credit. Sales returns…
A: The objective of the question is to prepare the adjusting entry to record estimated bad debts for…
Q: Blossom was about to close the books on the company's second year of business. Things had gone well,…
A: The organization's actual performance is assessed using the budget as a reference point. Management…
Q: If you managed the Hawthorn segment and had some available capacity, how much would you want to…
A: Transfer price:Transfer price is a price where a company sells its goods or services within the…
Q: The following information is available for Trinkle Company for the month of June: 1. The unadjusted…
A: It is a statement drawn up by the business to verify the cash book balance with the bank statement…
Q: Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the world's leading…
A: The Accounting Equation is calculated using the following equation -Assets = Liabilities +…
Q: Tinker Bell Company sold a delivery wing truck on March 1, 2022. Tinker had acquired the wing truck…
A: Depreciation is an accounting method used to allocate the cost of tangible assets over their useful…
Q: Hickory Company manufactures two products-13,000 units of Product Y and 5,000 units of Product Z.…
A: ABC (Activity Based Costing( system is the costing method which allocates the indirect cost of…
Q: A company reports the following for one of its products. Direct materials standard (3 pounds @ $2…
A: MATERIAL PRICE VARIANCEDirect Materials Price Variance is the difference between the actual and…
Q: The discrete view of interim reporting Is required by US GAAP Holds that an interim period is a…
A: Interim report: A financial statement covering a period less than a financial year is called an…
Q: u invest in a mutual fund that charges a 5% front end load, 1% total annual fees, and a 2% back end…
A: Investors pay a fee called a front-end load, sometimes referred to as a sales charge or sales load,…
Q: the philips companys actual manufacturing overhead cost for the month ended march 31 was $ 115,000.…
A: The cost of goods manufactured indicates the total of costs incurred in the production. It includes…
Q: Required information [The following information applies to the questions displayed below.] Henrich…
A: Total tax liability is the total amount of taxes owed to the government by an individual or company…
Q: Complete the letter to Ms. White outlining requirements for a Type C reorganization as well as your…
A: I am responding to your question as to how to arrange the acquisition of MuCo by Eta Corporation and…
Q: A firm uses job costing. Details of the three jobs worked or JOB 11 Job 22 $ $ Opening work in…
A: The ending WIP comprises the cost of jobs that are not finished yet. The prime costs include direct…
Q: Lilac Industries purchased a supply of electronic components from Norton Corporation on October 31,…
A: Notes payable are written agreements in which one party agrees to pay the other party a certain…
Q: VanPoole Corporation disclosed the following financial information (in millions) in its recent…
A: Lets understand the basics.Account receivable turnover ratio shows how many times in a year, average…
Q: "I think we goofed by hiring the new assistant controller," said Ruth Scarpino, president of Provost…
A: Transferred in CostsMaterialConversionTotalWorking #Equivalent units of production…
Q: On January 1, 2024, Splash City Issues $380,000 of 8% bonds, due In 15 years, with Interest payable…
A: Bonds payable refers to a type of long-term debt that a company or organization issues to borrow…
Q: Carla Vista Industries has three activity cost pools and two products. It expects to produce 2,700…
A: The activity rate is calculated as the estimated overheead costs divided by the estimated base…
Q: financial statement below represents the performance of Yovela & Co in 2023. Yovela and Co Income…
A: ASSETSNon-Current Assets Delivery Van 44,500Current Assets Inventories…
Q: This answer is incorrect. The options are $41,500. $35,000. $26,000. $38,500. $47,500.
A: Share of a partner is the share of such partner on the net income of the partnership business which…
Q: The following is information for Palmer Company. Year 3 $ 583,825 102,400 Cost of goods sold Ending…
A: Inventory turnover is a financial ratio that is used to measure the ability of a company to convert…
Q: Required information [The following information applies to the questions displayed below.] Clem is…
A: Deductible expenses are costs that can be removed or "deducted" from a taxpayer's gross income to…
Q: On January 1, 2019, Allen Corp. purchased equipment for $760,000. At the time, it was estimated that…
A: Straight-line depreciation evenly distributes the cost of an asset over its useful life, subtracting…
Q: Chris Phillip financial year end is December 31 each year. The following information and…
A: 1. Journal entriesDateAccount Debit Credit Jan. 2Cash 300,000 Accounts Receivable…
Q: Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has…
A: To prepare Garden Depot's cash budget, we need to calculate the total cash available, total cash…
Q: PR 8-35 (Algo) Variable-Costing and Absorption-Costing Income Statements (LO 8-2, 8-3, 8-4, 8-6)…
A: The income statement can be prepared using the different methods as variable and absorption costing.…
Q: Tano Company issues bonds with a par value of $98,000 on January 1, 2021. The bonds' annual contract…
A: Bonds are securities issued by an entity for the purpose of raising funds from the market. This is…
Q: household with taxable income of $58, 500. b. A single person with taxable income of $ 36,400. c.…
A: Tax liability is the total amount of taxes that a person or organization owes the government as a…
Q: Flounder Manufacturing has old equipment that cost $48,500. The equipment has accumulated…
A: JOURNAL ENTRIESJournal Entry is the first stage of Accounting Process. Journal Entry is the Process…
Step by step
Solved in 3 steps
- Margin, Turnover, Return on Investment Pelak Company had sales of $5,003,000, expenses of $4,607,000, and average operating assets of $4,840,000. Required: 1. Compute the operating income.$ 2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place. Margin % Turnover 3. Compute the ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.%Profit Margin, Investment Turnover, and ROI Cash Company has income from operations of $19,754, invested assets of $83,000, and sales of $282,200. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin fill in the blank 1% b. Investment turnover fill in the blank 2 c. Return on investment fill in the blank 3%Profit Margin, Investment Turnover, and ROI Cash Company has income from operations of $55,704, invested assets of $211,000, and sales of $506,400. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin b. Investment turnover c. Return on investment
- Margin, Turnover, Return on Investment Pelak Company had sales of $4,887,000, expenses of $4,443,000, and average operating assets of $4,840,000. Required: If required, round your answers to nearest whole value. 1. Compute the operating income. 2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place. Margin % Turnover 3. Compute the ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. %Cash Company has income from operations of $51,520, invested assets of $230,000, and sales of $644,000. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin b. Investment turnover c. Return on investmentMargin, Turnover, Return on Investment Pelak Company had sales of $4,974,000, expenses of $4,566,000, and average operating assets of $4,380,000. Required: 1. Compute the operating income.$fill in the blank 1 2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place. Margin fill in the blank 2 % Turnover fill in the blank 3 3. Compute the ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.fill in the blank 4 %
- Profit Margin, Investment Turnover, and ROI Briggs Company has income from operations of $132,756, invested assets of $299,000, and sales of $1,106,300. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin % b. Investment turnover c. Return on investment %Required: Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage. 2. Net profit margin percentage. 3. Return on total assets. 4. Return on equity. 5. Was financial leverage positive or negative for the year? 1. Gross margin percentage % 2. Net profit margin percentage % 3. Return on total assets % 4. Return on equity % 5. Financial LeverageMargin, Turnover, ROI Required: 1. Consider the data for each of the following four independent companies. Calculate the missing values in the table below. For margin and ROI, enter your answers as percentages, rounded to two decimal places. For example, the decimal value .03827 would be entered as "3.83" percent. For turnover, enter your answer as a decimal value rounded to two decimal places. A Revenue $12,500 B $49,000 C D $96,000 Expenses $10,000 $90,240 $ Operating income $2,500 $14,700 Assets $50,000 $48,000 $9,500 Margin % 30% % 6.00% Turnover 0.50 2.00 ROI % % % % 2. Assume that the cost of capital is 9 percent for each of the four firms. Compute the residual income for each of the four firms. If the residual income is negative, enter a negative amount. A's residual income B's residual income C's residual income D's residual income
- Calculate the missing values for each unique company. (Enter your ROI and Profit Margin percentage answers to one decimal place, (1.e., 0.123 should be entered as 12.3%). Round your Investment Turnover answers to 2 decimal places.) Profit Investment Turnover ROI Margin 8.8 % Company 1 Company 2 Company 3 Company 4 3.00 20.0 % 5.00 22.0 % 11.0 % 13.0 % 3.00Requirements: a. Prepare horizontal analysis based on the above statements presented (for percent: round of your answers to 2 decimal places) Music Lover, Inc.xlsx b. Evaluate the company's financial position and results of operation using the comparative statement analysis i. Short-term solvency analysis ii. Long-term financial position analysis iii. Operating efficiency and profitability analysisMargin, Turnover, ROI Required: 1. Consider the data for each of the following four independent companies. Calculate the missing values in the table below. For margin and ROI, enter your answers as percentages, rounded to two decimal places. For example, the decimal value .03827 would be entered as "3.83" percent. For turnover, enter your answer as a decimal value rounded to two decimal places. A B D Revenue $12,500 $47,000 $96,000 Expenses $10,000 $90,240 Operating income $2,500 $14,100 Assets $50,000 $48,000 $9,800 Margin % 30 % % 6.00 % Turnover 0.50 2.00 ROI % % 2. Assume that the cost of capital is 9 percent for each of the four firms. Compute the residual income for each of the four firms. If the residual income is negative, enter a negative amount. A's residual income B's residual income $ C's residual income D's residual income